OP Asset Management Ltd Invests $1.34 Million in DICK’S Sporting Goods, Inc. $DKS

OP Asset Management Ltd purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 6,769 shares of the sporting goods retailer’s stock, valued at approximately $1,342,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. raised its holdings in shares of DICK’S Sporting Goods by 9.6% in the second quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer’s stock worth $226,000 after buying an additional 100 shares during the period. Cerity Partners LLC boosted its holdings in DICK’S Sporting Goods by 54.1% during the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock valued at $316,000 after acquiring an additional 562 shares during the period. Bank of Nova Scotia bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at $417,000. Daiwa Securities Group Inc. increased its stake in DICK’S Sporting Goods by 9.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,974 shares of the sporting goods retailer’s stock worth $1,182,000 after purchasing an additional 531 shares during the period. Finally, NewEdge Advisors LLC increased its stake in DICK’S Sporting Goods by 4.4% in the second quarter. NewEdge Advisors LLC now owns 2,951 shares of the sporting goods retailer’s stock worth $584,000 after purchasing an additional 124 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the sale, the executive vice president owned 24,757 shares in the company, valued at $5,534,674.92. This represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 28.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Telsey Advisory Group boosted their target price on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Wells Fargo & Company reiterated a “positive” rating on shares of DICK’S Sporting Goods in a report on Thursday, May 28th. Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. BTIG Research restated a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 28th. Finally, Barclays raised their target price on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $254.71.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $231.72 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average price is $224.38 and its 200-day moving average price is $211.51. The firm has a market cap of $20.74 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.09 and a beta of 1.20. DICK’S Sporting Goods, Inc. has a 12 month low of $186.67 and a 12 month high of $244.38.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the previous year, the company earned $3.37 earnings per share. The firm’s revenue was up 62.7% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 14.23 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. DICK’S Sporting Goods’s payout ratio is 47.53%.

DICK’S Sporting Goods Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.